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Wells Fargo

News Release | May 28, 2020

Oasis of Hope CDC Receives $10,000 grant from the Wells Fargo Foundation to Keep Broward, Miami-Dade, and Palm Beach Counties Housed in Response to COVID-19

Wells Fargo Foundation housing philanthropy grants to help more than
100,000 renters as homeowners stay in their homes.

 

POMPANO BEACH – May 28, 2020 Oasis of Hope CDC today announced a $10,000 grant from the Wells Fargo Foundation which will enable the organization to assist renters and homeowners with information and resources to stabilize and preserve their homes.

In response to COVID-19, the Wells Fargo Foundation COVID-19 Housing Counseling Support (HCS)initiative will help national nonprofit housing intermediaries, local housing counselors, and nonprofit housing providers to support housing stability for more than 100,000 renters and homeowners across the U.S. facing financial challenges. Strategies include expanding the capacity of housing counselors to respond to renters and homeowners as well as supporting nonprofits that provide affordable rental homes and services.

“During this unprecedented time, too many people are struggling financially and facing housing instability,” said Jacqueline Reed, Executive Director of Oasis of Hope CDC. “Wells Fargo has a deep commitment to advance housing affordability solutions by supporting the work of housing counseling organizations as they serve a vital role in helping renters and homeowners facing financial difficulties.

The grants build upon Wells Fargo Foundation’s $175 million commitment to assist people and communities in response to COVID-19. Since March, more than 300 grants have been made to help nonprofits provide urgent housing services for vulnerable populations. The Wells Fargo Foundation philanthropy strategy is focused on keeping people in their homes, small business support, and financial health in collaboration with national and local organizations.

In addition to Oasis of Hope CDC, other Wells Fargo Foundation COVID-19 Housing Counseling Support grantees include: Enterprise Community Partners, GreenPath, HomeFree-USA, Housing Partnership Network, National Coalition for Asian Pacific American Community Development, National Community Reinvestment Coalition, National Foundation for Credit Counselingâ, National Urban League, Navicore Solutions, NID Housing, NeighborWorks®America, Rural Community Assistance Corporation, UnidosUS and USA Homeownership Foundation DBA Veterans Association of Real Estate Professionals.

About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.98 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.


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Media Contact Information: Jacqueline Reed,
Executive Director

(954) 586-1283, Ext 2294

EMAIL: Jacqueline@oasiscdc.org

Twitter: @oasisofhope_cdc